"Starting with a caveat that I think that everything is grossly overvalued at this point, I still like PayPal very, very much here because I think it is just an amazing execution story," said Schlossberg, who is managing director of forex strategy at BK Asset Management and also the co-founder of BKForex.com.
Still, Schlossberg wasn't convinced now was the right time for investors to pile full force into PayPal. Johnson, senior technical research analyst at Piper Sandler, wasn't too put-off by PayPal's record-hitting trek."You are seeing an improvement in the relative strength. It is outpacing the S&P 500. So, I would be a buyer of this stock," Johnson said."A second name that I'd also be buying in here would be Amazon," he said.
TradingNation $PYPL looks well positioned in the payments processing business, this is the stock I'm paying close attention to. I like it's growth prospects. $CRM is another quality name outside the FAANG and MAGA stocks.
TradingNation Thanks
TradingNation Me think with the current container export numbers out of China and not enough port workers to unload incoming ships, it may be a great time to short your list. Cheers